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PUBLISHER: KBV Research | PRODUCT CODE: 1616559

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PUBLISHER: KBV Research | PRODUCT CODE: 1616559

North America Voice Biometrics Market Size, Share & Trends Analysis Report By Type, By Component (Solutions and Services), By Deployment Model, By Application, By Enterprise Size, By End User, By Country and Growth Forecast, 2024 - 2031

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The North America Voice Biometrics Market would witness market growth of 17.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Voice Biometrics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,328.9 million by 2031. The Canada market is exhibiting a CAGR of 20.1% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 19.3% during (2024 - 2031).

Voice biometrics is widely applicable across several sectors, providing solutions for both security and personalization. The banking and financial services industry is one of the most prominent adopters of voice biometrics. With the growing threat of identity theft and fraud, financial institutions are turning to voice recognition technology to strengthen customer authentication methods. Through voice biometrics, customers can securely access their accounts, conduct transactions, and interact with customer service representatives without remembering passwords or security questions.

Additionally, this provides a more secure and convenient method of authentication that reduces the risks of unauthorized access. Customers authenticate themselves through their voice when interacting with automated systems or customer service agents. Mobile payment systems integrate voice biometrics for secure and seamless transactions.

The significant growth in e-commerce in Mexico and the substantial investments in healthcare in Canada are influencing the expansion of various technological industries, including voice biometrics. Mexico has emerged as one of the leaders in e-commerce growth, with the International Trade Administration (ITA) reporting a 23% increase in the e-commerce sector value in 2022, reaching USD 26.2 billion. As Mexico continues to experience significant digital transformation, the e-commerce sector is booming, with 63 million Mexicans using e-commerce platforms in 2022, an increase of 5.5 million compared to the previous year. This rapid expansion indicates a shift towards online shopping, mobile commerce, and digital transactions nationwide. As e-commerce grows, businesses are under increasing pressure to secure online transactions, safeguard customer data, and provide frictionless authentication processes.

Based on Type, the market is segmented into Active Biometrics and Passive Biometrics. Based on Component, the market is segmented into Solutions and Services. Based on Deployment Model, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Access Control and Authentication, Fraud Detection & Prevention, and Forensic Voice Analysis and Criminal Investigation. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Retail & E-commerce, Telecom & IT, Government & Defense, and Other End User. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Nuance Communications, Inc. (Microsoft Corporation)
  • Verint Systems, Inc.
  • NICE Ltd.
  • Fortra, LLC (HGGC)
  • Aware, Inc.
  • BioCatch Ltd.
  • RELX PLC (LexisNexis Risk Solutions, Inc.)
  • Pindrop Security
  • Phonexia
  • VoicePin.com

North America Voice Biometrics Market Report Segmentation

By Type

  • Active Biometrics
  • Passive Biometrics

By Component

  • Solutions
  • Services

By Deployment Model

  • Cloud
  • On-premise

By Application

  • Access Control and Authentication
  • Fraud Detection & Prevention
  • Forensic Voice Analysis and Criminal Investigation

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

By End User

  • BFSI
  • Healthcare & Life Sciences
  • Retail & E-commerce
  • Telecom & IT
  • Government & Defense
  • Other End User

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology

  • 1.1 Market Definition
  • 1.2 Objectives
  • 1.3 Market Scope
  • 1.4 Segmentation
    • 1.4.1 North America Voice Biometrics Market, by Type
    • 1.4.2 North America Voice Biometrics Market, by Component
    • 1.4.3 North America Voice Biometrics Market, by Deployment Model
    • 1.4.4 North America Voice Biometrics Market, by Application
    • 1.4.5 North America Voice Biometrics Market, by Enterprise Size
    • 1.4.6 North America Voice Biometrics Market, by End User
    • 1.4.7 North America Voice Biometrics Market, by Country
  • 1.5 Methodology for the research

Chapter 2. Market at a Glance

  • 2.1 Key Highlights

Chapter 3. Market Overview

  • 3.1 Introduction
    • 3.1.1 Overview
      • 3.1.1.1 Market Composition and Scenario
  • 3.2 Key Factors Impacting the Market
    • 3.2.1 Market Drivers
    • 3.2.2 Market Restraints
    • 3.2.3 Market Opportunities
    • 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

  • 4.1 Market Share Analysis, 2023
  • 4.2 Porter Five Forces Analysis

Chapter 5. North America Voice Biometrics Market by Type

  • 5.1 North America Active Biometrics Market by Region
  • 5.2 North America Passive Biometrics Market by Region

Chapter 6. North America Voice Biometrics Market by Component

  • 6.1 North America Solutions Market by Region
  • 6.2 North America Services Market by Region

Chapter 7. North America Voice Biometrics Market by Deployment Model

  • 7.1 North America Cloud Market by Country
  • 7.2 North America On-premise Market by Country

Chapter 8. North America Voice Biometrics Market by Application

  • 8.1 North America Access Control and Authentication Market by Country
  • 8.2 North America Fraud Detection & Prevention Market by Country
  • 8.3 North America Forensic Voice Analysis and Criminal Investigation Market by Country

Chapter 9. North America Voice Biometrics Market by Enterprise Size

  • 9.1 North America Large Enterprises Market by Country
  • 9.2 North America Small & Medium Enterprises (SMEs) Market by Country

Chapter 10. North America Voice Biometrics Market by End User

  • 10.1 North America BFSI Market by Country
  • 10.2 North America Healthcare & Life Sciences Market by Country
  • 10.3 North America Retail & E-commerce Market by Country
  • 10.4 North America Telecom & IT Market by Country
  • 10.5 North America Government & Defense Market by Country
  • 10.6 North America Other End User Market by Country

Chapter 11. North America Voice Biometrics Market by Country

  • 11.1 US Voice Biometrics Market
    • 11.1.1 US Voice Biometrics Market by Type
    • 11.1.2 US Voice Biometrics Market by Component
    • 11.1.3 US Voice Biometrics Market by Deployment Model
    • 11.1.4 US Voice Biometrics Market by Application
    • 11.1.5 US Voice Biometrics Market by Enterprise Size
    • 11.1.6 US Voice Biometrics Market by End User
  • 11.2 Canada Voice Biometrics Market
    • 11.2.1 Canada Voice Biometrics Market by Type
    • 11.2.2 Canada Voice Biometrics Market by Component
    • 11.2.3 Canada Voice Biometrics Market by Deployment Model
    • 11.2.4 Canada Voice Biometrics Market by Application
    • 11.2.5 Canada Voice Biometrics Market by Enterprise Size
    • 11.2.6 Canada Voice Biometrics Market by End User
  • 11.3 Mexico Voice Biometrics Market
    • 11.3.1 Mexico Voice Biometrics Market by Type
    • 11.3.2 Mexico Voice Biometrics Market by Component
    • 11.3.3 Mexico Voice Biometrics Market by Deployment Model
    • 11.3.4 Mexico Voice Biometrics Market by Application
    • 11.3.5 Mexico Voice Biometrics Market by Enterprise Size
    • 11.3.6 Mexico Voice Biometrics Market by End User
  • 11.4 Rest of North America Voice Biometrics Market
    • 11.4.1 Rest of North America Voice Biometrics Market by Type
    • 11.4.2 Rest of North America Voice Biometrics Market by Component
    • 11.4.3 Rest of North America Voice Biometrics Market by Deployment Model
    • 11.4.4 Rest of North America Voice Biometrics Market by Application
    • 11.4.5 Rest of North America Voice Biometrics Market by Enterprise Size
    • 11.4.6 Rest of North America Voice Biometrics Market by End User

Chapter 12. Company Profiles

  • 12.1 Nuance Communications, Inc. (Microsoft Corporation)
    • 12.1.1 Company Overview
    • 12.1.2 Financial Analysis
    • 12.1.3 Segmental and Regional Analysis
    • 12.1.4 Research & Development Expenses
    • 12.1.5 Recent strategies and developments:
      • 12.1.5.1 Partnerships, Collaborations, and Agreements:
    • 12.1.6 SWOT Analysis
  • 12.2 Verint Systems, Inc.
    • 12.2.1 Company Overview
    • 12.2.2 Financial Analysis
    • 12.2.3 Regional Analysis
    • 12.2.4 Research and Development Expense
    • 12.2.5 Recent strategies and developments:
      • 12.2.5.1 Partnerships, Collaborations, and Agreements:
  • 12.3 NICE Ltd.
    • 12.3.1 Company Overview
    • 12.3.2 Financial Analysis
    • 12.3.3 Segmental and Regional Analysis
    • 12.3.4 Research & Development Expenses
    • 12.3.5 SWOT Analysis
  • 12.4 Fortra, LLC (HGGC)
    • 12.4.1 Company Overview
    • 12.4.2 SWOT Analysis
  • 12.5 Aware, Inc.
    • 12.5.1 Company Overview
    • 12.5.2 Financial Analysis
    • 12.5.3 Segmental and Regional Analysis
    • 12.5.4 Research & Development Expenses
    • 12.5.5 SWOT Analysis
  • 12.6 BioCatch Ltd.
    • 12.6.1 Company Overview
  • 12.7 RELX PLC (LexisNexis Risk Solutions, Inc.)
    • 12.7.1 Company Overview
    • 12.7.2 Financial Analysis
    • 12.7.3 Segmental and Regional Analysis
  • 12.8 Pindrop Security
    • 12.8.1 Company Overview
    • 12.8.2 Recent strategies and developments:
      • 12.8.2.1 Acquisition and Mergers:
  • 12.9 Phonexia
    • 12.9.1 Company Overview
    • 12.9.2 Recent strategies and developments:
      • 12.9.2.1 Product Launches and Product Expansions:
  • 12.10. VoicePin.com
    • 12.10.1 Company Overview

LIST OF TABLES

  • TABLE 1 North America Voice Biometrics Market, 2020 - 2023, USD Million
  • TABLE 2 North America Voice Biometrics Market, 2024 - 2031, USD Million
  • TABLE 3 North America Voice Biometrics Market by Type, 2020 - 2023, USD Million
  • TABLE 4 North America Voice Biometrics Market by Type, 2024 - 2031, USD Million
  • TABLE 5 North America Active Biometrics Market by Region, 2020 - 2023, USD Million
  • TABLE 6 North America Active Biometrics Market by Region, 2024 - 2031, USD Million
  • TABLE 7 North America Passive Biometrics Market by Region, 2020 - 2023, USD Million
  • TABLE 8 North America Passive Biometrics Market by Region, 2024 - 2031, USD Million
  • TABLE 9 North America Voice Biometrics Market by Component, 2020 - 2023, USD Million
  • TABLE 10 North America Voice Biometrics Market by Component, 2024 - 2031, USD Million
  • TABLE 11 North America Solutions Market by Region, 2020 - 2023, USD Million
  • TABLE 12 North America Solutions Market by Region, 2024 - 2031, USD Million
  • TABLE 13 North America Services Market by Region, 2020 - 2023, USD Million
  • TABLE 14 North America Services Market by Region, 2024 - 2031, USD Million
  • TABLE 15 North America Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
  • TABLE 16 North America Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
  • TABLE 17 North America Cloud Market by Country, 2020 - 2023, USD Million
  • TABLE 18 North America Cloud Market by Country, 2024 - 2031, USD Million
  • TABLE 19 North America On-premise Market by Country, 2020 - 2023, USD Million
  • TABLE 20 North America On-premise Market by Country, 2024 - 2031, USD Million
  • TABLE 21 North America Voice Biometrics Market by Application, 2020 - 2023, USD Million
  • TABLE 22 North America Voice Biometrics Market by Application, 2024 - 2031, USD Million
  • TABLE 23 North America Access Control and Authentication Market by Country, 2020 - 2023, USD Million
  • TABLE 24 North America Access Control and Authentication Market by Country, 2024 - 2031, USD Million
  • TABLE 25 North America Fraud Detection & Prevention Market by Country, 2020 - 2023, USD Million
  • TABLE 26 North America Fraud Detection & Prevention Market by Country, 2024 - 2031, USD Million
  • TABLE 27 North America Forensic Voice Analysis and Criminal Investigation Market by Country, 2020 - 2023, USD Million
  • TABLE 28 North America Forensic Voice Analysis and Criminal Investigation Market by Country, 2024 - 2031, USD Million
  • TABLE 29 North America Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
  • TABLE 30 North America Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
  • TABLE 31 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
  • TABLE 32 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
  • TABLE 33 North America Small & Medium Enterprises (SMEs) Market by Country, 2020 - 2023, USD Million
  • TABLE 34 North America Small & Medium Enterprises (SMEs) Market by Country, 2024 - 2031, USD Million
  • TABLE 35 North America Voice Biometrics Market by End User, 2020 - 2023, USD Million
  • TABLE 36 North America Voice Biometrics Market by End User, 2024 - 2031, USD Million
  • TABLE 37 North America BFSI Market by Country, 2020 - 2023, USD Million
  • TABLE 38 North America BFSI Market by Country, 2024 - 2031, USD Million
  • TABLE 39 North America Healthcare & Life Sciences Market by Country, 2020 - 2023, USD Million
  • TABLE 40 North America Healthcare & Life Sciences Market by Country, 2024 - 2031, USD Million
  • TABLE 41 North America Retail & E-commerce Market by Country, 2020 - 2023, USD Million
  • TABLE 42 North America Retail & E-commerce Market by Country, 2024 - 2031, USD Million
  • TABLE 43 North America Telecom & IT Market by Country, 2020 - 2023, USD Million
  • TABLE 44 North America Telecom & IT Market by Country, 2024 - 2031, USD Million
  • TABLE 45 North America Government & Defense Market by Country, 2020 - 2023, USD Million
  • TABLE 46 North America Government & Defense Market by Country, 2024 - 2031, USD Million
  • TABLE 47 North America Other End User Market by Country, 2020 - 2023, USD Million
  • TABLE 48 North America Other End User Market by Country, 2024 - 2031, USD Million
  • TABLE 49 North America Voice Biometrics Market by Country, 2020 - 2023, USD Million
  • TABLE 50 North America Voice Biometrics Market by Country, 2024 - 2031, USD Million
  • TABLE 51 US Voice Biometrics Market, 2020 - 2023, USD Million
  • TABLE 52 US Voice Biometrics Market, 2024 - 2031, USD Million
  • TABLE 53 US Voice Biometrics Market by Type, 2020 - 2023, USD Million
  • TABLE 54 US Voice Biometrics Market by Type, 2024 - 2031, USD Million
  • TABLE 55 US Voice Biometrics Market by Component, 2020 - 2023, USD Million
  • TABLE 56 US Voice Biometrics Market by Component, 2024 - 2031, USD Million
  • TABLE 57 US Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
  • TABLE 58 US Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
  • TABLE 59 US Voice Biometrics Market by Application, 2020 - 2023, USD Million
  • TABLE 60 US Voice Biometrics Market by Application, 2024 - 2031, USD Million
  • TABLE 61 US Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
  • TABLE 62 US Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
  • TABLE 63 US Voice Biometrics Market by End User, 2020 - 2023, USD Million
  • TABLE 64 US Voice Biometrics Market by End User, 2024 - 2031, USD Million
  • TABLE 65 Canada Voice Biometrics Market, 2020 - 2023, USD Million
  • TABLE 66 Canada Voice Biometrics Market, 2024 - 2031, USD Million
  • TABLE 67 Canada Voice Biometrics Market by Type, 2020 - 2023, USD Million
  • TABLE 68 Canada Voice Biometrics Market by Type, 2024 - 2031, USD Million
  • TABLE 69 Canada Voice Biometrics Market by Component, 2020 - 2023, USD Million
  • TABLE 70 Canada Voice Biometrics Market by Component, 2024 - 2031, USD Million
  • TABLE 71 Canada Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
  • TABLE 72 Canada Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
  • TABLE 73 Canada Voice Biometrics Market by Application, 2020 - 2023, USD Million
  • TABLE 74 Canada Voice Biometrics Market by Application, 2024 - 2031, USD Million
  • TABLE 75 Canada Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
  • TABLE 76 Canada Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
  • TABLE 77 Canada Voice Biometrics Market by End User, 2020 - 2023, USD Million
  • TABLE 78 Canada Voice Biometrics Market by End User, 2024 - 2031, USD Million
  • TABLE 79 Mexico Voice Biometrics Market, 2020 - 2023, USD Million
  • TABLE 80 Mexico Voice Biometrics Market, 2024 - 2031, USD Million
  • TABLE 81 Mexico Voice Biometrics Market by Type, 2020 - 2023, USD Million
  • TABLE 82 Mexico Voice Biometrics Market by Type, 2024 - 2031, USD Million
  • TABLE 83 Mexico Voice Biometrics Market by Component, 2020 - 2023, USD Million
  • TABLE 84 Mexico Voice Biometrics Market by Component, 2024 - 2031, USD Million
  • TABLE 85 Mexico Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
  • TABLE 86 Mexico Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
  • TABLE 87 Mexico Voice Biometrics Market by Application, 2020 - 2023, USD Million
  • TABLE 88 Mexico Voice Biometrics Market by Application, 2024 - 2031, USD Million
  • TABLE 89 Mexico Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
  • TABLE 90 Mexico Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
  • TABLE 91 Mexico Voice Biometrics Market by End User, 2020 - 2023, USD Million
  • TABLE 92 Mexico Voice Biometrics Market by End User, 2024 - 2031, USD Million
  • TABLE 93 Rest of North America Voice Biometrics Market, 2020 - 2023, USD Million
  • TABLE 94 Rest of North America Voice Biometrics Market, 2024 - 2031, USD Million
  • TABLE 95 Rest of North America Voice Biometrics Market by Type, 2020 - 2023, USD Million
  • TABLE 96 Rest of North America Voice Biometrics Market by Type, 2024 - 2031, USD Million
  • TABLE 97 Rest of North America Voice Biometrics Market by Component, 2020 - 2023, USD Million
  • TABLE 98 Rest of North America Voice Biometrics Market by Component, 2024 - 2031, USD Million
  • TABLE 99 Rest of North America Voice Biometrics Market by Deployment Model, 2020 - 2023, USD Million
  • TABLE 100 Rest of North America Voice Biometrics Market by Deployment Model, 2024 - 2031, USD Million
  • TABLE 101 Rest of North America Voice Biometrics Market by Application, 2020 - 2023, USD Million
  • TABLE 102 Rest of North America Voice Biometrics Market by Application, 2024 - 2031, USD Million
  • TABLE 103 Rest of North America Voice Biometrics Market by Enterprise Size, 2020 - 2023, USD Million
  • TABLE 104 Rest of North America Voice Biometrics Market by Enterprise Size, 2024 - 2031, USD Million
  • TABLE 105 Rest of North America Voice Biometrics Market by End User, 2020 - 2023, USD Million
  • TABLE 106 Rest of North America Voice Biometrics Market by End User, 2024 - 2031, USD Million
  • TABLE 107 Key Information - Nuance Communications, Inc.
  • TABLE 108 Key Information -Verint Systems, Inc.
  • TABLE 109 Key Information - NICE Ltd.
  • TABLE 110 Key Information - Fortra, LLC.
  • TABLE 111 Key Information - Aware, Inc.
  • TABLE 112 Key Information - BioCatch Ltd.
  • TABLE 113 Key Information - RELX PLC
  • TABLE 114 Key Information - Pindrop Security
  • TABLE 115 Key Information - Phonexia
  • TABLE 116 Key Information - VoicePin.com
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